Rosneft approves China crude sales: report


BEIJING, November 16, 2017 – Russian oil giant Rosneft has approved the sale of around 88 million barrels of crude to CEFC China Energy next year, international media reported on Thursday.


“CEFC received informal notification today that the supply agreement has been approved by Rosneft’s board of directors,” an anonymous Chinese source told Reuters.

The first shipments from Russia’s Far East over the Eastern Siberia-Pacific Ocean oil pipeline will be sent in January, the report added.

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